Key facts
- This page summarizes Joel M. Babbit's Form 4 filing for GreenSky, Inc..
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 29 Mar 2022, 17:08.
Joel M. Babbit - 29 Mar 2022 Form 4 Insider Report for GreenSky, Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 29 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 29 Mar 2022, 17:08:25 UTC
- Prior SEC filing
- 15 Mar 2022
- Next SEC filing
- 11 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Steven E. Fox, as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Joel M. Babbit filed Form 4 for GreenSky, Inc. on 29 Mar 2022.
Change
- Previous filing in this sequence was filed on 15 Mar 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GSKY
transaction
Class A common stock
Disposed to Issuer
- Transaction value
- Shares
- -33,614
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 29 Mar 2022
- Ownership
- Direct
- Footnotes
- F1
GSKY
transaction
Class B common stock
Disposed to Issuer
- Transaction value
- Shares
- -199,530
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 29 Mar 2022
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GSKY
transaction
Derivative
Holdco Units
Disposed to Issuer
- Transaction value
- Shares
- -199,530
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 29 Mar 2022
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 199,530
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Joel M. Babbit is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Disposed of pursuant to the Agreement and Plan of Merger, dated as of September 14, 2021 (as amended, the "Merger Agreement"), by and among the Issuer, The Goldman Sachs Group, Inc. ("Goldman Sachs"), Goldman Sachs Bank USA ("GS Bank"), Glacier Merger Sub 1, LLC, a wholly owned subsidiary of GS Bank, Glacier Merger Sub 2, LLC, a wholly owned subsidiary of GS Bank, and GreenSky Holdings, LLC, a subsidiary of the Issuer ("GreenSky Holdings"), with each share of Class A common stock being converted into the right to receive 0.03 shares of Goldman Sachs common stock (the "Merger Consideration"), which had a market value of $335.30 per share at the close of trading on March 28, 2022, the last trading day immediately preceding the effective time of the mergers (the "Effective Time"), with cash paid in lieu of fractional shares. The amounts in Table I include 33,614 shares of Class A common stock subject to forfeiture conditions; which fully vested in connection with the merger.
Footnote F2
Pursuant to the Merger Agreement, each unit of GreenSky Holdings ("Holdco Unit") was converted into a right to receive the Merger Consideration, with cash paid in lieu of fractional shares. In connection with the Merger Agreement and pursuant to the Issuer's charter, the Class B common stock was automatically deemed transferred to the Issuer at the Effective Time and no consideration was delivered in exchange therefor.
Footnote F3
Pursuant to the Exchange Agreement, dated May 23, 2018, by and among the Issuer, GreenSky Holdings and the members of GreenSky Holdings, the Holdco Units may be exchanged by the Reporting Person (with automatic cancellation of an equal number of shares of Class B common stock) for shares of Class A common stock on a one-for-one basis, subject to customary adjustments for stock splits, stock dividends, reclassifications and other similar transactions, stock repurchases and other reinvestments of excess cash, or for cash (based on the market price of the shares of Class A common stock), at the Issuer's option.